Live Oak Bancshares (NASDAQ:LOB – Get Free Report) released its earnings results on Wednesday. The bank reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.25), Yahoo Finance reports. Live Oak Bancshares had a return on equity of 10.93% and a net margin of 11.22%. The business had revenue of $241.87 million for the quarter, compared to analysts’ expectations of $126.63 million. During the same quarter in the prior year, the business posted $0.88 EPS.
Live Oak Bancshares Stock Performance
Shares of NASDAQ:LOB traded down $2.23 on Friday, reaching $39.60. The company’s stock had a trading volume of 261,897 shares, compared to its average volume of 177,901. The company has a 50-day simple moving average of $45.13 and a 200 day simple moving average of $39.59. Live Oak Bancshares has a 52-week low of $27.79 and a 52-week high of $50.57. The company has a market cap of $1.78 billion, a P/E ratio of 21.36 and a beta of 1.60.
Live Oak Bancshares Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $0.12 annualized dividend and a yield of 0.30%. Live Oak Bancshares’s dividend payout ratio (DPR) is currently 5.48%.
Wall Street Analyst Weigh In
View Our Latest Analysis on Live Oak Bancshares
Insider Activity
In other Live Oak Bancshares news, CAO John W. Sutherland sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $43.00, for a total transaction of $860,000.00. Following the sale, the chief accounting officer now directly owns 26,603 shares of the company’s stock, valued at $1,143,929. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 23.90% of the company’s stock.
About Live Oak Bancshares
Live Oak Bancshares, Inc operates as the bank holding company for Live Oak Banking Company that provides various banking products and services in the United States. It operates through two segments, Banking and Fintech. The company accepts various deposit products, including noninterest-bearing demand, as well as interest-bearing checking, money market, savings, and time deposits.
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